Report : North America HVAC Air Ducts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Sheet Metal Ducts, Flexible Non-Metallic Ducts, Fiberglass Duct Boards, and Others) and Application (Commercial, Residential, and Industrial)
Sheet Metal Ducts Segment to Dominate North America HVAC Air Ducts Market During 2021–2028
According to a new market research study on “North America HVAC Air Ducts Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application,” is expected to reach US$ 2,874.11 million by 2028 from US$ 2,135.43 million in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report provides trends prevailing in the North America HVAC air ducts market along with the drivers and restraints pertaining to the market growth. Increasing adoption of green building technology and growing number of data centers are the major factor driving the growth of the North America HVAC air ducts market. However, intense competition from ductless HVAC systems for residential segment hinder the growth of North America HVAC air ducts market.
In case of COVID-19, North America is highly affected specially the US. North America is one of the most prominent regions with respect to the adoption of HVAC air ducts. Demand for HVAC air ducts is relatively high in countries such as the United States, Canada, and Mexico. The US and Canada are among the major markets for HVAC air ducts due to the presence of large-scale electronics & semiconductor, food & beverages, and hospitality industry. The demand was lowered owing to quarantine, business closures and government restrictions. Smartphones industry in the United States experienced a considerable decline in their sales. In electronics industry, HVAC air ducts are widely used to maintain the required temperature of the space. With lower production of electronic gadgets, demand for respective HVAC air ducts also suffered proportionally. Owing to the international travel ban, tourism industry suffered significantly in Mexico as well as Canada. This impacted the sales of HVAC air ducts required at various gyms, hotels, restaurants, theaters, theme parks etc. As per the HARDI (Heating Air-conditioning & Refrigeration Distributors International), the HVAC distributors witnessed about 19% decline in HVAC orders in April 2020 as compared to previous financial year. With lower demand and restrictions of limited workforce at production site, the HVAC air ducts market in the North America is also affected from the supply side.
The North America HVAC air ducts market is segmented on the basis of product type, application, and country. The market, based on product type, is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment dominated the North America HVAC air ducts market in 2020 and flexible non-metallic ducts segment is expected to be fastest growing during forecast period. On the basis of application, the market is segmented into industrial, commercial, and residential. The residential segment dominated the North America HVAC air ducts market in 2020 and commercial segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the US, Canada, and Mexico.
DuctSox; Hennemuth Metal Fabricators; Lindab; M&M Manufacturing; SetDuct; TIN MAN SHEET METAL FABRICATION, LLC; TurnKey Duct Systems; US Duct; and Waves Aircon Pvt. Ltd. are among the leading companies in the North America HVAC air ducts market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, DuctSox, a well-recognized manufacturer of air dispersion systems and fabric ductwork produced fabric ductwork systems which can be utilized for medical tents during the pandemic of COVID-19.
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